The State Farm Carrier and Market Review deliver exactly that. Through detailed state-by-state premium mapping, peer comparisons, and longitudinal trend analysis, it provides a granular view of where growth is being achieved, where competitors are pulling back, and where risk is accumulating beneath the surface.
Author: Awais
Recent reforms made by Prudential Regulation Authority (PRA) to increase the UK’s share of the global insurance-linked securities (ILS) market, has led to belief that the UK regime offers a highly competitive platform that compares well with other alternative jurisdictions across the globe, Pool Re CEO Tom Clementi told Artemis.During a recent interview with Artemis, Clementi, CEO of the UK government backed mutual terrorism reinsurance firm, shared how important the UK’s ILS regulatory framework is towards Pool Re’s mission within the catastrophe bond market. “The domestic regime in the UK provides us with a very good platform to access the…
Farmers across the Great Plains are confronting an intense drought that threatens winter wheat harvests and is pushing cattle producers toward costly feed purchases, prompting some to abandon plans to expand their herds. The dryness is expected to persist through spring after weeks of scant rainfall and a late-winter heat spell that fueled massive pasture fires across the nation’s breadbasket. Drought now covers nearly 90% of Nebraska and Oklahoma, with more than half of Nebraska in “extreme” drought. Such conditions have historically driven cattle producers to sell off animals and forced farmers to drill new irrigation wells as rivers run…
TWFG announced that it has acquired Asset Protection Insurance Associates. This acquisition combines APIA’s deep specialization in the MGA space, and its highly client‑centric operating model, with TWFG’s expansive platform, resources, and growth infrastructure. By combining organizations, Castroville, Texas-based APIA will benefit from enhanced operational processes designed to improve efficiency and support growth at scale. Additionally, APIA will leverage TWFG’s world‑class technology infrastructure, including advanced tools, data analytics, and digital solutions that further elevate the client experience and strengthen execution across the MGA lifecycle. A core priority of the transaction is continuity. Shannon DeLaune, along with the entire APIA team,…
Society Insurance announced that Kshitij Kohli has joined the organization as vice president of information technology. In this role, Kohli will lead Society’s technology strategy and execution, with responsibility for core systems, infrastructure, cybersecurity and technology investments aligned with business strategy and long-term growth. Kohli has extensive experience leading enterprise-wide technology transformation across the insurance and financial services industries. Most recently, he served as chief technology officer at Church Mutual Insurance. Kohli holds a Master of Business Administration from the University of Minnesota’s Carlson School of Management. He also completed a master’s degree in computer science from the Illinois Institute…
Risk managers and business leaders are seeking stability as risks intensify
A U.S. Department of Labor whistleblower investigation has found that a railroad company wrongfully suspended an employee for reporting a train collision and safety concerns, in violation of the Federal Railroad Safety Act. The department’s Occupational Safety and Health Administration investigated a complaint filed by a Kansas City-based employee of Canadian Pacific Kansas City Ltd., who reported to the Federal Railroad Administration a minor train collision that occurred at the railroad company’s Knoche Yard on Aug. 11, 2024. While the employee was not present at the time of the crash, which caused minimal damage and did not result in any…
Not all earthquake faults behave the same. Some stick and snap, causing earthquakes. Others move slowly over time. For years, the leading explanation for slow-moving faults has been that high-pressure fluids along the fault lubricate it, allowing the slabs to slide steadily rather than building up stress until that stress is eventually released in a large, destructive earthquake. Related: Simulations Predict Ground Motion for Earthquakes on Bay Area’s Hayward Fault But in a new study of the Shumagin Gap, a quiet section of the Alaska-Aleutian subduction zone – the area where one tectonic plate dives below another – my colleagues…
Rhode Island’s regulator has approved a 2.5% average reduction in overall workers’ compensation loss costs. The reduction will take effect on August 1, 2026. More than 200 insurers write workers’ compensation coverage in the state. The rate change was proposed by the industry’s National Council on Compensation Insurance (NCCI) last November and, according to the state, this latest approval marks the 11th consecutive annual decrease in loss costs for the state, resulting in a net average decrease of 75.8% since 2015. “This latest average rate reduction signals a healthy insurance market in Rhode Island,” said Department of Business Regulation (DBR)…
Berkshire Hathaway has selected Gen Re Chairman Charlie Shamieh as successor to longtime insurance leader Ajit Jain, the Wall Street Journal reported on Monday, citing people familiar with the matter. Shamieh, a veteran of the insurance industry, is set to take over Berkshire’s vast insurance operations once 74-year-old Jain retires, the report said. Reuters could not immediately verify the WSJ report. Berkshire Hathaway did not immediately respond to Reuters’ request for a comment. Jain has led the division for decades and is widely credited with shaping its global reinsurance strategy. Berkshire owns reinsurer Gen Re, where Shamieh has served as…
The findings, drawn from a survey of more than 1,700 business leaders across North America and Europe, highlighted how companies are increasingly embedding risk considerations into high-level decision-making in an era shaped by geopolitical instability, technological disruption, and climate volatility.
Meyerowitz Memphis-based Sunstar Insurance Group, an independent brokerage operating in nine states, announced Adam Meyerowitz as the new chief executive officer. He succeeds Casey Bowlin, who founded the firm in 2013 and will now move into the role of chairman. Meyerowitz co-founded Prime Risk Partners brokerage in 2014, and served as chief operating officer after the firm was acquired by EPIC Insurance Brokers & Consultants in 2019, the company said in a news release. Sunstar, which offers commercial and personal property and casualty coverage plans, as well as employee benefits in the Southeast and Midwest, said it has 58 agencies…
Berkshire Hathaway reduced its underwriting of property reinsurance in the first-quarter of the year and its CEO Greg Abel said during the firm’s annual meeting on Saturday that competition and capital is flowing into the industry, leading the company to be more cautious as it looks to sustain adequate underwriting returns on risks assumed.Berkshire Hathaway reported increased net underwriting earnings from its insurance and reinsurance businesses of $1.717 billion for the first-quarter of 2026, a roughly 29% increase on the prior year. The company highlighted the competitive property reinsurance market and lower rate environment, explaining this was the cause of…
Treasury Secretary Scott Bessent winces at the allure of easy money — whether it’s lottery tickets, buy now, pay later loans or the promise of a crypto windfall — warning that the get-rich-quick mindset often leads Americans farther from financial stability, not closer to it. “There are a lot of young people, mostly young men, going to blue-collar construction jobs, playing the lottery. It drives me crazy,” Bessent said in an interview, giving an example of why he has prioritized meeting with community bankers, retirees and schoolchildren to talk about how to budget, save and manage debt. “The best thing…